Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

Client transfers from mutual funds to other portfolios of $2.5 billion were recorded in October 2017.

Month-end total sponsored U.S. mutual funds came in at $597 billion, up nearly 2.1% from the prior month. Of the total sponsored U.S. mutual funds, around 79% were from stock and blended assets, while the remaining 21% came from the bond and money market.

Total other investment portfolios were $374 billion, reflecting an increase of 3% from the previous month. Overall, stock and blended assets accounted for $282 billion or 75.4% of other investment portfolios, while bond, money market and stable value came in at $92 billion or 24.6%.

T. Rowe Price recorded $228 billion in target date retirement portfolios, which was up 2.2% from $223 billion recorded in the prior month.

Our Viewpoint

Although regulatory restrictions and sluggish economic recovery are likely to impair the company’s growth and escalate costs, T. Rowe Price’s diverse and efficient business model is anticipated to help it further improve AUM. Also, its organic growth remains impressive, as indicated by the continuous rise in revenues.

So, we believe, driven by these, shares of T. Rowe Price have gained 29.7% in the last six months, outperforming 13.7% rally of the industry.

Among other investment managers, Franklin Resources Inc. (BEN - Free Report) announced preliminary AUM by its subsidiaries of $750.7 billion for October 2017. Results displayed a marginal fall from $753.2 billion recorded as of Sep 30, 2017. However, the figure moved up 3.8% from the prior-year quarter.

Legg Mason Inc. (LM - Free Report) , headquartered at Baltimore, reported a marginal rise in AUM, as of Oct 31, 2017, compared with the prior month. Preliminary month-end AUM came in at $755.2 billion, marginally up from September 2017.

Invesco Ltd. (IVZ - Free Report) announced an increase in its preliminary month-end AUM for October 2017. The company’s AUM came in at $928.4 billion, rising 1.2% from the previous month. The rise reflected favorable market returns, inflows in PowerShares QQQs and an increase in Money Market AUM, partially offset by net long-term outflows. Also, FX lowered October AUM by $2.8 billion.

Today's Stocks from Zacks' Hottest Strategies

It's hard to believe, even for us at Zacks. But while the market gained +18.8% from 2016 - Q1 2017, our top stock-picking screens have returned +157.0%, +128.0%, +97.8%, +94.7%, and +90.2% respectively.

And this outperformance has not just been a recent phenomenon. Over the years it has been remarkably consistent. From 2000 - Q1 2017, the composite yearly average gain for these strategies has beaten the market more than 11X over. Maybe even more remarkable is the fact that we're willing to share their latest stocks with you without cost or obligation.

Resources

Client Support

Follow Us

Zacks Moblie App

Zacks Research is Reported On:

Yahoo

MSN

Marketwatch

Nasdaq

Forbes

Investors.com

Morningstar

Copyright 2018 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +25% per year. These returns cover a period from 1988-2017. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zack Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.

Visit performance for information about the performance numbers displayed above.